AMI Asset Management Corp Invests $805,000 in SentinelOne, Inc. (NYSE:S)

AMI Asset Management Corp bought a new position in SentinelOne, Inc. (NYSE:S - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,274 shares of the company's stock, valued at approximately $805,000.

A number of other hedge funds have also modified their holdings of S. Bessemer Group Inc. grew its holdings in shares of SentinelOne by 13.6% during the first quarter. Bessemer Group Inc. now owns 81,040 shares of the company's stock valued at $1,473,000 after buying an additional 9,710 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in SentinelOne by 4.7% during the first quarter. Asset Management One Co. Ltd. now owns 190,110 shares of the company's stock valued at $3,456,000 after purchasing an additional 8,523 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in SentinelOne by 54.5% during the first quarter. Oppenheimer & Co. Inc. now owns 51,041 shares of the company's stock valued at $928,000 after purchasing an additional 18,009 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in SentinelOne by 9.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,918 shares of the company's stock valued at $235,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Praxis Investment Management Inc. acquired a new stake in SentinelOne during the first quarter valued at $213,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Price Performance

NYSE S opened at $17.75 on Thursday. The firm has a market cap of $5.90 billion, a PE ratio of -13.45 and a beta of 0.77. SentinelOne, Inc. has a one year low of $15.36 and a one year high of $29.29. The stock's 50 day simple moving average is $18.46 and its 200 day simple moving average is $20.38.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. SentinelOne's revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equities analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group reduced their price objective on SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Robert W. Baird reduced their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Morgan Stanley reduced their price target on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Scotiabank reduced their price target on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.83.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $17.82, for a total value of $1,084,596.48. Following the transaction, the chief executive officer now directly owns 1,581,396 shares in the company, valued at approximately $28,180,476.72. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 3,187 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $59,086.98. Following the completion of the transaction, the insider now owns 1,058,025 shares in the company, valued at $19,615,783.50. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,347 shares of company stock worth $3,464,807. Insiders own 4.33% of the company's stock.

SentinelOne Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.

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